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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, April 23, 2012

CHASE BANK EMAILED TO DINARESGURUS, 23 APRIL

I went to Chase to wire some money to DT. I asked to convert my personal acct to non interest checking acct. They asked why. I said for investment purposes. They ask what type. I said foreign currency. She said you wouldn't happen to be invested in Iraqi Dinar. I paused said I have some. I'm also invested in dong. She didn't know much about dong. She said oh we have had lot of calls about dinar. I said yeah I know and they are asked not to call you. She said well I hear that you're fixing to have a good  return very soon on your investment. I said oh yeah, very calmly, that's what I hear. She said Is this the only branch you bank at or do you go to other branches. I said mostly here.  I said since you brought it up do you exchange foreign currency at this branch. She said oh yes we sure do. Right now we don't exchange dinar. I said oh I know it's not ready yet. She said great. Just call us before you come in and make an appointment so we can celebrate with you. I said oh I promise you I will. Whoohooo This is the same bank in Dec. That told me they couldn't discuss it. Mind you this isn't a big branch in a large metro city. It's a small chase bank inside a discount store. That should speak volumes there...... And she was a teller not a private banker or manager.  They are ready for us!

MILLIONDAY MONDAY NIGHT CHAT, 23 APRIL

Millionday Monday Night Chat at PeopleInvested:

[millionday] so i have some on the meeting -- 
[Fresh] millionday great - I'll copy if you want to post!!!
[millionday] The independent Iraqi news agency / Baghdad / e. M ... Called on the Vice President of the Republic Khodair al meeting of the Preparatory Committee for the National meeting at five o'clock pm on Tuesday. According to a statement from the Office of Khuzaie Today: received (and independent Iraqi news agency) a copy of the "Call Khuzaie the Preparatory Committee for the meeting came after coordination with President Jalal Talabani." 
[millionday] wooohoooo!!!!! here we go to the rodeo !!! 
[millionday] 5 pm tomorrow their time 
[millionday] thanks hun -- good to see ya Fresh !! 
[para~investigator] millionday Is that the actual NC or just the prep meeting before?
[Fresh] millionday so I saw that the National Conference was initially set for the 24th - then I had a friend call me and say Maliki was "Trying" to cancel it in the news... do you have anything on that?
[millionday] para~investigator that is that talabani has invited the prepatory team to the national meeting tomorrow 

[allinxpress] millionday Hello there! Ive been hoping for some good news this afternoon from ya 
[millionday] Fresh i will be looking hun this afternoon from ya 
[millionday] Fresh i will be looking hun 
[jimplants] so the NC is tomorrow?
[millionday] ladyg after Fresh gets done posting there will be a link hun -- we will bring it for your reading pleasure 
[ladyg] millionday great! love reading 
[Fresh] millionday my thoughts were even if Maliki was pulling that card - it's nothing new... they will still get it done - but dang Iraq can delays things more than it execute's things... no pun intended 
[millionday] jimplants thats what i have so far but i have all my old links and sources up and am going to bring news for a while -- we will see if anything changes with the news i have for tomorrows paper 
[ladyg] Fresh millionday Just want clarification if it is the national alliance that is meeting or is it the actual national conference. I thought it was the meeting before the meeting.
[millionday] Fresh talabani is running this show hun
[para~investigator] millionday Will all this be put into the forum???
[millionday] ladyg it is saying in this news that it is tuesday at 5pm tomorrow 
[Fresh] millionday I agree!
[millionday] this is about the kuwait and iraq meeting 
[millionday] we will read it together and it may take a sec 
[millionday] Description of the Minister of Amiri Diwan Affairs Sheikh Nasser Sabah Al Ahmad Al Sabah, a visit to the Kurdistan region of Iraq, which concluded yesterday that it was successful, and said it «will open broad prospects and extensive bilateral cooperation in the economic and diverse investment», said «that Iraq's stability is the stability of Kuwait». The Iraqi President Jalal Talabani during a meeting yesterday, Sheikh Nasser al-Sabah, in the city of Sulaymaniyah, on «the need to develop relations between the two countries, as to ensure the best interests of the two brotherly peoples». The Minister of Amiri Diwan Affairs met earlier in the day the President of the Kurdistan region of Iraq, Massoud Barzani, where there were discussions on bilateral relations and ways of strengthening them. And met Sheikh Nasser al-Sabah during his visit to the province, which lasted several days a number of senior officials. And was seen off yesterday, Vice President of Kurdistan Iraq Rasool, who described the visit as historic Sheikh Nasser to consolidate the bonds of friendship and brotherhood between the two sides of Iraq and Kuwait. 
[millionday] The Sheikh Nasser earlier in the day a visit to the Museum Security Department of the deposed regime in Sulaimaniyah and look closely at the effects of a brutal henchmen of the former regime in the torture of people of the city in the cells. He also visited the American University in the city of Sulaimaniya, where he spoke with university professors and students of strategy Kuwait politics towards Iraq, saying «that the stability of Iraq is the stability of Kuwait». also visited Sheikh Nasser on a number of museums and archeological sites in Medinha Erbil and Sulaimaniya, where he expressed his admiration for the great pieces, manuscripts and buildings which are priceless, dating back to the era of civilizations of Mesopotamia to the Umayyad period. 
[millionday] Sheikh Nasser arrived in Sulaimaniya airport on 19 this month, at the head of a delegation that included both the Kuwaiti Ambassador to the Republic of Iraq to the insured and the Director of the Office of the Minister, Sheikh Hamad, Khaled owner and director of the National Assembly Affairs warrior war. And addressed the media in Kurdistan, Kurdish-language television channels and the visit of Sheikh Nasser with great interest because of its clear evidence of the interest of the State of Kuwait to turn the page on the past and promote bilateral relations with the Republic of Iraq people. 
[millionday] hmmm that is not what im looking for -- i will bring more from the meeting with iraq officials on this 
[para~investigator] OK! Lay it on us millionday 
[millionday] that is interesting though and looks encouraging but we need more 
[millionday] brb with more 
[jimplants] Million thank you for all of your hard work 
[para~investigator] millionday Oh yeas, must HAVE MUCH more. 
[ladyg] millionday i'm sorry but my interpretation is that they are having a meeting before the meeting... Wording reads: Preparatory Committee for the national meeting to hold a meeting at five 'clock on the afternoon of Tuesday. this is on alliraqnews. 
[millionday] ok my other news is in early and it will tell us what happened today so have patience i have to translate it all 
[millionday] this is the title but i will know more in a minute from other sources >>>> Urgent ... Presidency Invites the Preparatory Committee for the meeting on 24 this month 
[millionday] The Preparatory Committee for the National Conference meeting today includes representatives of major political blocs in order to prepare for the national agenda of the meeting, and the National Alliance, as he emphasized that the atmosphere is ripe for the meeting, the Iraqi List, alluded to the existence of a crisis of confidence between the political blocs. The MP for the National Alliance Abbas al-Bayati said "the meeting of the Preparatory Committee is expected and called by the Vice-President of the Republic Khudair Khuzaie today, is a preparatory meeting will be the discussion and adoption of three fundamental decisions."
[millionday] Al-Bayati said "morning", "The first decision is to adopt a final agenda of the National Congress, and the second is a table of attendees and the blocks and entities that are supposed to attend the meeting of the National, and the third is to guide the work to prepare some of the administrative arrangements the final of the National Conference." He said "Today's meeting is the last meeting of the Preparatory Committee and the adoption of the paper will be to schedule the conference and will be there to accommodate the paper Arbil, in addition to identifying the audience is supposed to meet the national."
[millionday] Revealed a senior political source "morning" on Saturday for the determination of the President to extend formal invitations to the political blocs to attend a national meeting in the coming days. He said al-Bayati said that "the National Alliance has seen the need to attend the meeting on three sides by the task, the first block that participate in the government of the partnership, and the second bloc that did not participate in the government and its representation in the government and seats in parliament, such as Jemaah Islamiyah and Iraqi white, either bloc third is entities not participating in the government, not represented the likes of the Communist Party and Unity Party, and these agencies should be directed her invitations to attend the national meeting. "
[millionday] He continued: "This meeting will be held under the auspices of President Jalal Talabani, and so far, said everyone attending," he said, adding that the meeting will be a long and not short, and that the blocks will need to devote efforts to reach a solution to the differences that exist in order to come out with results satisfactory to all. " . He also stressed that there is al-Bayati, a media and political pressure on all parties to compromise, and that all have the preparations for the success of today's meeting as a prelude to a national meeting which has become an urgent need to take place, because delay is not in everyone's interest. He was scheduled to hold leaders of political blocs in the fifth national meeting this month by the deadline
[millionday] established by President Jalal Talabani to discuss the current political crisis, especially the differences between the State of Law coalition and the Iraqi List, but it was postponed meeting , without giving reasons, to a date yet to be determined so far, while stressing the head of the Kurdistan Alliance Fouad Masum, a move by the President of the Republic to dampen the atmosphere between the Prime Minister and President of the Region. In turn, said the National Alliance MP Abdul Amir Mayahi: it is certain that the atmosphere is ripe today for a meeting of the Preparatory Committee on the grounds that National Conference has become an urgent need to get out of the political crisis in Iraq.
[millionday] He Mayahi: that "these problems will be discussed during the preparatory meeting to be held today," but he also said: "This meeting will will not solve all the problems, but part of it, as will leave big differences other to another meeting." In contrast, predicted MP the Iraqi List, Hamid al-Mutlaq said that if the intention remained between political leaders that their interests above the interests of the country and the people there is nothing good in a meeting of the Preparatory Committee or the National Congress.
[millionday] The "morning" that "if conscience woke up and knew that the decision must be taken in Baghdad without any outside interference, they have to meet with each other to reach a solution to the political crisis in order to lead to the goal of these meetings." Mutlaq said he wishes to be a vision and a clear and correct that the decision should come from Iraq and its people, confirming the presence of a crisis of confidence among the political leaders because of the long wait for the National Congress and several meetings of the Preparatory Committee to no avail.
[millionday] hmmmm -- so this is talking about today 
[millionday] it is obvious that they have sent out invitations and yet they say -- no date is set -- kind of silly to think about 
[para~investigator] So the last prep comittee was today then.
[millionday] yes -- it seems that the other source timeline may be right but let me verify through one more 
[millionday] brb with more 
( End Transcript)     

DINAR GURUS UPDATE, 23 APRIL

4-23-2012  Newshound Guru Doc   [Post 3 of 3]  Our current opinion continues as it was stated several months ago.  Iraq is simply not ready for a significant change in its currency.  Chapter 7 and/or Ebril need to be resolved and with this the dinar instated as a recognized, internationally traded currency.  It is only at this point will Iraq be in a position to RV.  As for timing it is anyone's guess but we tend to agree with the reported June to September theories as a minimum. If Iraq drags its feet on these key issues it could be longer...we simply report, you decide.

4-23-2012  Intel Guru BWM   news came late this afternoon which...led me to rule out the bank update at 2... but news did come later that there was indeed movement... I think there is still an opportunity for tonight as long as nothing new comes into play.  I'm looking for a basic rate...4-6 and anything above that will be gravy...heck, that will be gravy.

4-23-2012  Intel Guru Hammerman   THE BANKS DO HAVE RATE LOCKED AND LIVE [CODED] BUT ON SIDE OF IT SAYS T.B.L...TO BE RELEASED LATER.  THIS IS A  FACT I HAVE SEEN IT AT LEAST 3 TIMES. THEY HAVE TRIED TO PROCESS THIS EVENT SINCE LATE LAST NITE AN KEEP TRYING EVERY FEW HOURS.  THERE ARE 12 IN FIRST BASKET...ALL RATES WERE SET BACK IN JAN.  IT IS TOTALY OUT OF ALL HANDS, I DO MEAN ALL, OTHER THAN THE BANKS.

4-23-2012  Intel Guru Jonnywg   we are hearing all kinds of rumours right now...good ones...from all over...ORLANDO, ATLANTA, RENO, LAS VEGAS, NEW MEXICO...appears things are in high gear and I have calls in everywhere... verifications are on the way 

4-23-2012  Intel Guru Cap1  ALL IS SOUNDING FANTASTIC!  TRYING TO CONFIRM SOME EXCITING NEWS JUST RECEIVED. HANG ON TO YOUR HAT.  RELAX, AND LET'S WAIT.

4-23-2012  Newshound Guru Doc  [Post 2 of 3]   After much analysis our opinion is that the recent articles about raising the value of the dinar versus the dollar "in coming days" is not specifically referring the RV.  It is in response to the recent slide of the dinar from the  program rate of 1166 to the reported street value of 1350+.  Other articles have revealed steps the CBI is taking to prop up the dinar in the short term.  This is also the jist of the TV announcements.  This is a far cry from a RV.  What we did find as extremely interesting is that the CBI has partnered with the GOI to help the GOI do its part to get ready for currency reform.  One news release indicated the GOI was delaying currency reform simply because certain systems like computer programs were not ready to handle a change in the currency.  We postulated this as the case several weeks ago and it appears factual.  Iraq's infrastructure is not completely ready yet.  ["continued in post 3...stay tuned"]

4-23-2012  Intel Guru Bulldog75   ALL INFORMATION IS POSITIVE AND GOOD ON RV.  SLOWLY BUT SURELY, ON TARGET.

4-23-2012  Intel Guru Bella Grits   no NEGATIVE news...that's a big deal in the dinar world...we are still in a good timeframe, IMO...nothing has changed since yesterday, and intel generally changes in a second.  Honestly, things look great to me...ready for the shoe to drop!

4-23-2012  Intel Guru BWM   Have not gotten an update on the meeting that I was expecting this morning so I'm beginning to think that the afternoon may begin slipping away... will know more as info comes in.  I'm waiting to hear...just how relevant this meeting was.   I know many were expecting it "at the banks" this morning but I had information that said no, not this past weekend and posted it... I was hoping it would be wrong but turns out it was correct so waiting on another update.

4-23-2012  Newshound Guru Doc   [Post 1 of 3]   Several articles were released over the weekend which we view as good news.  First Talabani has appeared to have made it a priority to resolve the issues between Barzani and Maliki to move Ebril to completion.  The goal appears to have resolution going into the National Meeting.  The only timing for this was indicated as in the next week or two.  Secondly, the next Iraq/Kuwait meeting is scheduled for today which is preparing the way for chapter 7 release.  We can only guess as to the timing of resolution of both of these issues but the news releases suggest we are still weeks away at best.  The next official UNSC meeting is June.  ["continued in post 2...stay tuned"]

4-23-2012  Newshound Guru Med   THE SURPRISE OF THE DAY, THE NATIONAL ALLIANCE....PM MALIKI'S PARTY STATED THEY ARE BEHIND MALIKI, WOW WHAT A REVELATION THAT WAS, I DID NOT SEE THAT COMING...JUST HOW WOULD THEY STOP MALIKI IF HE WANTED TO RIGHT NOW TAKE OVER IRAQ.  IT SEEMS THAT CBI BECAUSE SHABIBI HAS KEPT QUIET, IS NOT SLOWING DOWN WHICH IS GOOD FOR US.  BUT I WOULD LIKE TO SEE SOME DEFINITIVE ANNOUNCEMENT BY CBI  THAT THIS IS WHAT WE ARE DOING...NOTHING CAN INFLUENCE OUR DECISION TO REVALUE.  SO FAR THEY HAVE STOPPED SHORT OF DOING THIS.   

4-23-2012  Intel Guru DinarWishes   We are trully just at the point of needing that last step finished...it could show anytime!!! We just dont know when that anytime is. We are truly so very close!!!  Im waiting for an update this morning and hope it will give us a little light as to where we are in this

DINARWISHES POST, 23 APRIL


8:23 PM CST: 3sIntel [DinarWishes] Guys I’m not going to say it will RV tonight because as it stands it hasn’t gone yet… BWM and I have put thousands of hours into research and developing contacts nobody else has… It amazes me that so many “gurus” have given so many deadlines…
[DinarWishes] I’ll tell ya one guy I agree with.. Well 2 guys… BWM and ArizonaHeat! WE COULD SAY EVERYDAY ITS GOING DOWN TONIGHT, IN THE NEXT 10 MIN, the NEXT 24 HOURS, WONT GET THROUGH THE WEEKEND!!! BUT, its all false so far….. which proves the best thing to do while waiting is to make sure your plans are in order….
[DinarWishes] What would you need to do if it was .86 like some have thought it would be?…. What about the famous 4.40 or the insane 12 and up?…. Think about what is necessary for you to keep as much as possible to generate future wealth… I’m not here to tell you everyday it is going to happen…. I’m here to let you know it will happen…. and you need to be prepared…. No high school drama…. no false promises… no hype… Is it coming? Yes….
[DinarWishes] When? Everyone wants to know when….. Guess what, SO DO I…. I’m being told any time now… but I have to give you the truth…. I hope it is tonight…. I pray it’s this week…. I would be stoked if it happened before the end of the month…
DinarWishes] Guys… the site, like any business needs leadership… Someone who stands for something and doesn’t live in a fairytale… People break-up… it happens… I wish them the best and hope they get as many members as they wish to have… I don’t care about how many members we have. I just care if I only help that one that truly needed me… then I am glad to do it and it made it all worthwhile….
[faithdinar] BWM BWM Yes. I had asked why there are so many new Dinar sites popping up (i.e. intel4, Christian dinar, etc.) if are so close, Seems like that would be a waste of resources and time. Thank you.[BWM] faithdinar – Well… for some it’s not about who is there but how many… the comment by DW says it all.. we’re not here to tell you it’s going to happen everyday but that it is going to happen…
[britney1102] DinarWishes so in your opinion we won’t see it tomorrow? rates [DinarWishes] britney1102 I didn’t say that… from what I’m being told it could, but I won’t say it will….
[dannylee] DinarWishes on what side is the rates on right now on forex?????????????? [DinarWishes] dannylee Banking forex on the Corporate/Commercial level…. Just has to go to the Branch level so they have permissions needed to trade…
[shalala] DinarWishes you told us when you hope and it will happen…but what does your intel tell you about the likelihood of it happening in an approximate timeframe? Thanks1
[DinarWishes] shalala Before the end of the Month [DinarWishes] In My Opinion
[feda] DinarWishes r we there yet ?? [DinarWishes] feda I’m hoping so…
[DinarWishes] Guys Im not here to be a guru…. I dont consider myself a guru…. I think of myself as a guy with an understanding of where we are… And, a man who has a heart to help those who may not know…. I’m just a man who cares…. That is where my guilt can be found…. I dont care to be “the one who called it” I want to be “the one who helped others understand”….

BWM POST UPDATE, 23 APRIL

[BWM] shalala we gonna go WIDE OPEN tonight... lol

[mikeyg] BWM how did the meetings go today// hear anything?
[BWM] mikeyg got a phone call around 3:45 with high expectations... so we'll see how things resolve

[.gizmo] does the 72 hrs end at 11pm tonite??
[BWM] first, the "72" hours is IMO a guess... there shouldn't be a hold or such placed on this when the prep has already been done... and as far as ending at a certain time, well we've seen those come and go

[pipeliner4rv] what is it that can possibly be making this take so very long
[BWM] the fate of the world is kind of a serious thing... and ppl have to take bathroom breaks during meetings you know... and not everyone is wearing a dress

da58] do we need copies of our dinar as some say to go to the bank?

BWM] banks no... it's currency. and as long as you are not letting the dinar leave your person (don't send it off) then you should have no issues... if you are going to a dealer they may ask to provide where you purchased to insure legitimacy... banks are going to be setting accounts up for you, less concern

[niftyfifty] are you of the mindset that it is no longer the ptb's. or unfinished business in iraq?

BWM] everything I have been told said that Iraq is done... does that mean we have seen all the things that we expected? NO. for obvious reasons.. IF they showed all the things we had expected there would be no excuses for why this isn't done...

[dealdoctor] is this now out of the hands of the 3 letter agencies and in the hands of the commercial banks?

[BWM] banks CANNOT pull the trigger... period

[drizz] BWM I'm numb! I really had hoped that Ms LaGarde would take care of this in December - it's the end of April - 4 months later - and nothing. It certainly doesn't seem to make any difference that the world is in economic turmoil so is there really a global reset? What needs to happen to have them RV?

[BWM] I don't see this as a "reboot" as some have termed it... we are not resetting the entire global currency... we are realigning the global DEBT... if you look at all the forgiveness going on between countries you should realize that is where the reset is occurring. On the basis of each country's national debt...

[da58] with no prior acct at the bank, will they open, deposit, and get the show on the road right there and then??

BWM] I can only speak from my experience with banks but YES. I'm expecting to walk in, cash in, set up brand new accounts, trusts, etc. AND walk out of the bank with money in my pocket... within the limits that are imposed on "cash in hand" of course

dealdoctor] Has Iraq signed off on the RV and it is now in the hands of the IMF, BIS and UST or are we still waiting on someting to say "Go!" from Shabbi?

[BWM] from what I have been told... Iraq has signed off on it... so from there it gets a bit more complicated and Iraq still has the right to make changes I believe until the actual activation occurs

igpup] We're probably all trying not to ask date / rate questions we know you can't answer ;-)

[BWM] I could throw out dates like others but I don't believe in them... how many times have we seen in the last couple of days "stand by" or "hang here for news" and nothing... I firmly believe that if you have something to say, say it... otherwise, wait until you have something bonafide to discuss... I have stayed quiet for a long time because I didn't want to get into the "intel wars"

[dannylee] when are we going to rv........

 [BWM] when it's LIVE... truly LIVE, not pending, not on hold AT THE BANKS

[maw33312] whats the diversion? Whats your opinion on what the diversion will be to do this?

[BWM] I don't think there is time for a diversion at this point.. I think they will be looking for ways to avoid fallout for the dollar once this occurs and how to insulate the ppl from losing money

[niftyfifty] do you feel that we will have a reasonable period of time to cash in?

[BWM] I believe so... but that will always be based on the rate... I believe we will have plenty of time because I don't hold a lot of stock in the 26,32 or 40 something dollar rates...

[tlucas] BWM were you able to look at the Coalition Provision Authority Order Number 39 and what did you think?

[BWM] yes... I don't think it provides any negative respect to us... the main thing I read in that was outlining exactly what a currency under "sanctions" or "regulations" involved... and that has been resolved it seems

[thudz] Bam how are you planning on handling reserves

[BWM] well I don't have them... so that shouldn't be an issue... but if you ask specifically what you mean I would be happy to comment

[painter] Is there any way this goes to next year last year at this time we thought it was done but here we are

[BWM] even my most pessimistic contact says no way... so we keep looking at the closest opportunity and see how things continue to move forward

[da58] what do you recommend for the limit per acct..say, in millions..? many may need several??

[BWM] that will depend on your bank and the type of accounts (investment-wise) that you have set up... some accounts will be fine in the multi millions... again, look at how much concern you have in the ability to get liquid if needed

[xyz] Can you please summarize where we are today? Did you get update on the meeting that was supposed to happen this morning?

[BWM] news came late this afternoon which as I explained led me to rule out the bank update at 2... but news did come later that there was indeed movement.. and if you had not gotten the second part of the information that I got (a clarification) you'd have been sitting around at 4 o'clock calling for it to happen... fortunately, the information is still good and I think there is still an opportunity for tonight as long as nothing new comes into play

[drizz] BWM ~ Based on your answer about adjusting the debt between countries, how much more debt needs to be forgiven - if you know?

 [BWM] some pointed out the cbi update info today... I think you can see things that were reflected in that, that there has been a substantial amount of debt forgiven... and you may see further with other countries once this occurs

[10urout] How much pressure is the Euro Crisis troubled road putting on Lagarde?

[BWM] she's a pretty strong and opinionated woman.... I think she has exactly in her mind what she hopes to accomplish.... dealing with so many factors obviously is making life a bit more difficult

[highhopes] some people say the rate will show up at banks first, others say the CBI, still others say the forex. Where do you think we will see it first or just suddenly everywhere at once????

[BWM] I would say cbi and banks... forex could be last or at the same time but I can't possibly see first (the trading side). One of the big misconceptions has been forex trading vs. forex banking information

[JohnnyB41] What "perks" are banks expected to offer and what will they be asking in return?

[BWM] about those... there has been a big deal put in these bank packages that are being offered by sites... the banks themselves have these for you... you will be able to download them probably off their own sites and I think we have put too much emphasis on "having" to have them from here in order to cash in.. remember these are "starting points" for your negotiations...

 the perks will include rates, free services (trusts, atty, etc.), insurance and unlimited cards (black/titanium credit cards). the thing that they will be looking for is a specified amount of money being kept in their branch for a specific time... (keep 1 million for 6 months in their branch, just an example, amounts will vary)

[imperium] We have heard for months that China was fed up with delays and is carrying the biggest stick and took things into their own hands.... now it's april 23rd..... what gives?

[BWM] well guess that means china wasn't in control...

[ARHogFan] Are there any definite ideas on taxes associated with the exchange?

BWM] we will all sit on that until the rate shows... most feel 15% or nothing... but if you count on 35% you can't go wrong...

[Hebrews11:1] BWM hi Thanks for your time. What specifically are intel providers like jonnywg and BellaGrits working on confirming today that involved specific cities being mentioned?

[BWM] if it shows in one place it will show all places... most of those are just contact places that ppl are trying to confirm information... I can only confirm what I'm working with...

[Mr. Finance] Has the Bank of American pulled out of being one of the packages for the cash-in?

BWM] they are still going to be involved... whether they offer a package publically I can neither confirm or deny...

[timlbs] Do you think the CBI will be pulled into the GOI oversight or will it stay independant?

[BWM] not while Shabs is alive... but hey it's the middle east

[zerolimits] what other currencies are you getting involved in after the RV

[BWM] there are a number... the biggest point to look for is asset backed... canada, australia and a number of others will be good options... and eventually the dollar should bounce back

[drizz] BWM ~ why would there be fallout with the dollar?

[BWM] issues with currency vs. assets... the main concerns will be hyperinflation with the amount of currency that the gov has rampantly printed... making sure that the currency is "backed" by something of value

[mikeyg] how long will it take to devalue the dollar after the RV occures? Or will it?

[BWM] I don't expect the massive fallout that some seem to be debating... and I don't have a problem with keeping dollars... long term investments will be no issue... if I have a million dollars in the bank and the dollar drops... I only lose buying power I don't lose the number of dollars I Have... and upon rebound I will still have the same numbers

[dpa820] Upon,Rv and going to the bank, we have been told to set-up non-interest -bearing accts,and not to any major investments for approximately six months. But we at one time were told to place funds in a cd. What should we do?

[BWM] research YOUR plan... don't take anyone else's advice about what is best for you... you may receive good starting advice but the actual investments needed to accomplish things to fulfill your needs can only be accomplished by knowing your options... again, with the six month thing, if you are buying something to keep.. then no worries... it's the items that you might purchase and want to get rid of within say a year that I would be concerned... just be smart

[Girlpup] sorry hit wrong button will the bank packages have a list of participating banks? Seems like a big task, but I thought I remembered someone in our site saying that. Thank you

[BWM] it will depend on your region... I have basically NO big 4 banks around... and so I will pick and choose which branch I would use based on what they are offering

[mimi2] Is the Vietnamese VND going to be included in the bank packages or just the dinar? Will that rate be negotiable?

[BWM] that's a great question and I haven't heard anyone discuss any additional packages for the VND... so I'm guessing the spread will not be as significant an issue when negotiating... so you may only have a small room for rates

[dannylee] do you think it will happen befor may1

[BWM] I don't have anything that says it can't... so I'm looking tonight first and go from there

[findmoney] I just looked at the national debt clock. Very scary at 15 trillion +. I guess there would be no escape from that unless this happened?

[BWM] well I'm not paying for it....and yes... it's pretty desperate at this time... kinda reminds me of that period when Clinton was in office

[da58] do you suggest cashing some here some there..various banks?? couldn't one just do it all at once, then transfer and open various accts later

[BWM] I will have several banks that I use strictly because of availability of big 4 banks as I discussed... be careful moving money... and make sure you don't create another taxable event in the process of trying to circumvent something

[da58] to diversify, say in canadian currency, do you recommend going there - and setting up acct - or just buying their currency here?

[BWM] there are not a lot of options to purchase the currency and keep here... I personally will be looking at going to the countries I'm interested in and working from there

[sandhaul] If we have all our debts paid off post RV is it still important to stay liquid for the next 6 mos?

[BWM] I think you pretty much are liquid if you have paid everything off....

[1biz4u] If our dollar is going to devalue some, why isn't our government already telling us this?

[BWM] they are working on ways to resolve that... why do you think everyone doesn't know about the dinar?

[da58] what percentage of one's wealth should be the limit on spending for a home..I think what I may want may be 20% of the after tax, not certain..too much, huh..

BWM] that's personal... just remember... every purchase comes with additional issues... taxes, insurance, maintenance and such... don't think it's "paid for" just because you don't have a mortgage...

[dealdoctor] Is there any specific reason for us to expect the RV in the next day or two or are we just waiting as usual in this very good investment based on the actual wealth of IRAQ and the artificial low value of their dinar imposed due to Saddam's invasion of Kuwait?

BWM] one day I'd love to explain the information we get everyday and just what gets sorted thru to decide what to tell you... if you think some of the stories you've heard are ridiculous, you should hear the ones that don't get repeated... elvis anyone?

[queenmum] Would it be wise to place your money in more than one kind of bank Splitting it among different ones ie WF, Chase the like?

BWM] I can only tell you my plans and you decide what is best for you... I will have an international bank (branches outside the US), a big 4 bank and a regional (local) bank...

[dealdoctor] Do you consider the fact that Iraq has a very high inflation rate AND the fact that they will soon in June have tarriffs which will increase costs of products within Iraq as real pressure to cause this RV to pop before the population explodes in rage to feed their families?

[BWM] Sadr is a strong force and promises have been made... at some point, if promises are delivered upon there will be chaos... does anyone remember the 100 day promise we were talking about this time last year?

[Jazzy] BWM do you think the Dodd Frank accounts will be extended into 2013?

[BWM] you'll have time to plan if necessary...

[zerolimits] I have some small notes I was going to hang on to for 6 months to a year just in case is went up later. Would you recommend that? The other thought with them small notes was to give them away as gifts instead of usd? Could you give me your thoughts Thank you for everything

BWM] look at the rate... and decide if you really want to deal with Iraq any longer... personally, I don't have much desire to deal with this any longer preRV...

[TMAN42] I have seen some say the rate will be low and then go high and some high then go low. What are your thoughts please and thank you.

[BWM] I'm looking for a basic rate... 4-6 and anything above that will be gravy...heck, that will be gravy... and once the rate shows we'll know what's happening from there... and will pass it along

[Scotzgirl] thanks for Q&A Coach - some time ago you discussed an international bank in NY(?) that we could use to make deposits in international currency - do you remember which bank that is?

BWM] yes... german bank Deutsche Bank... there are several good choices in german banks... one is considered the worlds safest bank...

 [rocky] one of the advantages of waiting longer than I expected to cash in is the schooling we get in money management. Thank you and everyone else for your time and energy!!

[BWM] always glad to help

[da58] what banks are international??

[BWM] depends on what country you would like to consider as another option... start there and work back to the U.S.

[IbBle$$ed] What exactly is a Big 4 bank?

[BWM] BOA, WF, Chase, Citi

[da58] my bank didn't know what dodd frank was...and that is chase

[BWM] you'll be able to explain what you want when the RV happens... chase especially

[BWM] alright guys... I'm out of questions.. so we'll return the room to regular chat